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The textile manufacturing market share in Mexico is expected to increase to USD 3.98 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.13%.
The report extensively covers textile manufacturing market in Mexico segmentation by the following:
The textile manufacturing market in Mexico report offers information on several market vendors, including Aquasea Inc., CS TECH CONTRACT MANUFACTURING, Delta Apparel Inc, El Grande Group, Grupo Denim, Grupo Siete Leguas, JUEGOS DIVERTIDOS SA DE CV, M and O knits, Roma Mills, and Toray Industries Inc. among others.
This textile manufacturing market in Mexico research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.
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The premiumization through well-positioned brands is notably driving the textile manufacturing market growth in Mexico, although factors such as fluctuating crude oil prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the textile manufacturing industry in Mexico. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Textile Manufacturing Market Driver in Mexico
The premiumization through well-positioned brands is one of the key drivers supporting the Mexico textile manufacturing market growth. High-end brands usually symbolize quality, style, and status to most people. As such, customers opt for brands and textiles that are well-positioned in the market and do not hesitate to pay an additional price for these brands. Presently, the premium fashion and apparel industry, which includes tops, dresses, coats, jackets, jeans, and suits, is growing and is expected to witness further growth in the coming years. Textile manufacturers operating in this space have started focusing on expanding their presence in the luxury segment to cover the full spectrum of apparel, from top-wear to bottom wear. These factors are driving the demand for premium apparel, which is fueling the textile manufacturing market growth in Mexico during the forecast period.
Key Textile Manufacturing Market Trend in Mexico
One of the key Mexico textile manufacturing market trends fueling the market growth is the increasing demand for textile in the automotive industry. Automobile manufacturers use synthetic fibers to produce lightweight, fuel-efficient, and environment-friendly vehicles to comply with stringent regulations. For instance, Mexico is among the major passenger vehicle manufacturers and produces more than three million vehicles annually. Hence, the rising manufacturing of vehicles in the country enhances the use of textiles in the interiors of vehicles. Also, this country has large automotive manufacturing hubs. Considering this factor, the high production of vehicles will increase the demand for textiles during the forecast period. Such factors will further drive the growth of the textile manufacturing market in Mexico during the forecast period.
Key Textile Manufacturing Market Challenge in Mexico
The fluctuating crude oil prices is one of the factors hindering the Mexico textile manufacturing market growth. For instance, in 2021, it was expected that the crude oil average price was $60 per barrel, and production would be 1.9 million barrels per day for 2022. However, in 2021, crude oil prices fell with the outbreak of COVID-19, and the price was pegged at $42.1 in 2021. Such fluctuations in crude oil prices adversely impact the prices of methylene diphenyl diisocyanate and toluene diisocyanate polymers and their applications. This has compelled vendors to adopt various cost-cutting measures such as reduction of discretionary operational expenses and forced suppliers to reduce their costs. Such factors will hamper the growth of the textile manufacturing market in Mexico during the forecast period.
This textile manufacturing market in Mexico analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the textile manufacturing market in Mexico as a part of the global textiles market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the textile manufacturing market in Mexico during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the textile manufacturing market in Mexico encompasses successful business strategies deployed by the key vendors. The textile manufacturing market in Mexico is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The textile manufacturing market in Mexico forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the textile manufacturing market in Mexico, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the textiles market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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The textile manufacturing market share growth in Mexico by the natural fibers segment will be significant during the forecast period. Natural fibers are used extensively to produce garments, apparel, construction materials, medical dressings, and automotive interiors, among others. For instance, silk fibers are used for applications such as clothing, tasar materials, socks, and others. The silk market in Mexico is growing at a healthy rate, given the various benefits of silk, including its suitability for all climatic conditions, quick-drying nature, durability, and softness. Such advantages of using natural fibers will drive the segment growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the textile manufacturing market size in Mexico and actionable market insights on post COVID-19 impact on each segment.
Brazil Textile Manufacturing market - The market share is expected to increase by USD 7.35 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 2.82%.
Malaysia Textile Manufacturing market - The market share is expected to increase by USD 2.35 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.72%.
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Textile Manufacturing Market Scope in Mexico |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.13% |
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Market growth 2022-2026 |
$ 3.98 billion |
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Market structure |
Concentrated |
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YoY growth (%) |
2.93 |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Aquasea Inc., CS TECH CONTRACT MANUFACTURING, Delta Apparel Inc, El Grande Group, Grupo Denim, Grupo Siete Leguas, JUEGOS DIVERTIDOS SA DE CV, M and O knits, Roma Mills, and Toray Industries Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key finding 2
*Exhibit 03: Key finding 5
*Exhibit 04: Key finding 6
*Exhibit 05: Key finding 7
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 06: Parent market
*Exhibit 07: Market characteristics
**2.2 Value chain analysis
*Exhibit 08: Value chain analysis: Textiles
*2.2.1 Inputs
*2.2.2. Inbound logistics
*2.2.3 Operations
*2.2.4 Outbound logistics
*2.2.5 Marketing and sales
*2.2.6 Services
***3. Market Sizing
**3.1 Market definition
*Exhibit 09: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 10: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*Exhibit 11: Mexico - Market size and forecast 2021 - 2026 ($ billion)
*Exhibit 12: Mexico market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 13: Five forces analysis 2021 and 2026
**4.2 Bargaining power of buyers
*Exhibit 14: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 15: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 16: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 17: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 18: Threat of rivalry
**4.7 Market condition
*Exhibit 19: Market condition - Five forces 2021
***5. Market Segmentation by Product
**5.1 Market segments
*The segments covered in this chapter are:
*Exhibit 20: Product - Market share 2021-2026 (%)
*Exhibit 21: Product - Market share 2021-2026 (%)
**5.2 Comparison by Product
*Exhibit 22: Comparison by Product
*Exhibit 23: Comparison by Product
**5.3 Natural fibers - Market size and forecast 2021-2026
*Exhibit 24: Natural fibers - Market size and forecast 2021-2026 ($ billion)
*Exhibit 25: Natural fibers - Year-over-year growth 2021-2026 (%)
**5.4 Polyesters - Market size and forecast 2021-2026
*Exhibit 26: Polyesters - Market size and forecast 2021-2026 ($ billion)
*Exhibit 27: Polyesters - Year-over-year growth 2021-2026 (%)
**5.5 Nylon - Market size and forecast 2021-2026
*Exhibit 28: Nylon - Market size and forecast 2021-2026 ($ billion)
*Exhibit 29: Nylon - Year-over-year growth 2021-2026 (%)
**5.6 Others - Market size and forecast 2021-2026
*Exhibit 30: Others - Market size and forecast 2021-2026 ($ billion)
*Exhibit 31: Others - Year-over-year growth 2021-2026 (%)
**5.7 Market opportunity by Product
*Exhibit 32: Market opportunity by Product
***6. Market Segmentation by Application
**6.1 Market segments
*The segments covered in this chapter are:
*Exhibit 33: Application - Market share 2021-2026 (%)
**6.2 Comparison by Application
*Exhibit 34: Comparison by Application
**6.3 Fashion - Market size and forecast 2021-2026
*Exhibit 35: Fashion - Market size and forecast 2021-2026 ($ billion)
*Exhibit 36: Fashion - Year-over-year growth 2021-2026 (%)
**6.4 Technical - Market size and forecast 2021-2026
*Exhibit 37: Technical - Market size and forecast 2021-2026 ($ billion)
*Exhibit 38: Technical - Year-over-year growth 2021-2026 (%)
**6.5 Household - Market size and forecast 2021-2026
*Exhibit 39: Household - Market size and forecast 2021-2026 ($ billion)
*Exhibit 40: Household - Year-over-year growth 2021-2026 (%)
**6.6 Others - Market size and forecast 2021-2026
*Exhibit 41: Others - Market size and forecast 2021-2026 ($ billion)
*Exhibit 42: Others - Year-over-year growth 2021-2026 (%)
**6.7 Market opportunity by Application
*Exhibit 43: Market opportunity by Application
***7. Customer landscape
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
**7.1 Overview
*Exhibit 44: Customer landscape
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Premiumization through well-positioned brands
*8.1.2 Rising demand for textiles in Mexico
*8.1.3 Increasing demand for natural fibers
**8.2 Market challenges
*8.2.1 Fluctuating crude oil prices
*8.2.2 Long product replacement cycle
*8.2.3 Volatility of raw material prices
*Exhibit 45: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Increasing demand for textile in automotive industry
*8.3.2 Innovations in textile industry
*8.3.3 Personalization and customization of home textile products
***9. Vendor Landscape
**9.1 Overview
*Exhibit 46: Vendor landscape
**9.2 Landscape disruption
*Exhibit 47: Landscape disruption
*Exhibit 48: Industry risks
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 49: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 50: Market positioning of vendors
**10.3 Aquasea Inc.
*Exhibit 51: Aquasea Inc. - Overview
*Exhibit 52: Aquasea Inc. - Product and service
*Exhibit 53: Aquasea Inc. - Key offerings
**10.4 CS TECH CONTRACT MANUFACTURING
*Exhibit 54: CS TECH CONTRACT MANUFACTURING - Overview
*Exhibit 55: CS TECH CONTRACT MANUFACTURING - Product and service
*Exhibit 56: CS TECH CONTRACT MANUFACTURING - Key offerings
**10.5 Delta Apparel Inc
*Exhibit 57: Delta Apparel Inc - Overview
*Exhibit 58: Delta Apparel Inc - Business segments
*Exhibit 59: Delta Apparel Inc - Key offerings
*Exhibit 60: Delta Apparel Inc - Segment focus
**10.6 El Grande Group
*Exhibit 61: El Grande Group - Overview
*Exhibit 62: El Grande Group - Product and service
*Exhibit 63: El Grande Group - Key offerings
**10.7 Grupo Denim
*Exhibit 64: Grupo Denim - Overview
*Exhibit 65: Grupo Denim - Product and service
*Exhibit 66: Grupo Denim - Key offerings
**10.8 Grupo Siete Leguas
*Exhibit 67: Grupo Siete Leguas - Overview
*Exhibit 68: Grupo Siete Leguas - Product and service
*Exhibit 69: Grupo Siete Leguas - Key offerings
**10.9 JUEGOS DIVERTIDOS SA DE CV
*Exhibit 70: JUEGOS DIVERTIDOS SA DE CV - Overview
*Exhibit 71: JUEGOS DIVERTIDOS SA DE CV - Product and service
*Exhibit 72: JUEGOS DIVERTIDOS SA DE CV - Key offerings
**10.10 M and O knits
*Exhibit 73: M and O knits - Overview
*Exhibit 74: M and O knits - Product and service
*Exhibit 75: M and O knits - Key offerings
**10.11 Roma Mills
*Exhibit 76: Roma Mills - Overview
*Exhibit 77: Roma Mills - Product and service
*Exhibit 78: Roma Mills - Key offerings
**10.12 Toray Industries Inc.
*Exhibit 79: Toray Industries Inc. - Overview
*Exhibit 80: Toray Industries Inc. - Business segments
*Exhibit 81: Toray Industries Inc. - Key offerings
*Exhibit 82: Toray Industries Inc. - Segment focus
***11. Appendix
**11.1 Scope of the report
*11.1.1 Market definition
*11.1.2 Objectives
*11.1.3 Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 83: Currency conversion rates for US$
**11.3 Research Methodology
*Exhibit 84: Research Methodology
*Exhibit 85: Validation techniques employed for market sizing
*Exhibit 86: Information sources
**11.4 List of abbreviations
*Exhibit 87: List of abbreviations
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